Odp International, LLC 401(k) Review & Grade
The Odp Corporation Retirement Savings Plan
Boca Raton, FLRetail Trade15,946 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$861Employer $ per active participant
$3,031Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$63,363Average balance per account
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 48th |
| Employee saving | 82th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $176 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Odp International put in about $861 per active participant, more than the typical peer ($689). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $13,730,349 |
| Participant (employee) contributions | $48,327,671 |
| Other contributions (incl. rollovers in) | $2,187,636 |
| Administrative expenses paid from the plan | $1,181,243 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $163,144 |
| Other admin expenses | $137,179 |
| Benefits paid out | $185,441,369 |
| Net assets, start / end of year | $1.3B / $1.3B |
| Active participants, start / end of year | 15,072 / 16,819 |
| Participants with account balances | 21,023 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $813,492 reported compensation |
| Strategic Advisors, Inc. | $163,144 reported compensation |
| Sageview Advisory Group, LLC | $110,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924102119NAL0008498752001, received 2025-09-24, EIN 87-2687219, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.